Kingstone (KINS)
NASDAQ:KINS
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Kingstone Companies
(NASDAQ:KINS)
Select Model
Select Model
Rating:65Neutral
Price Target:
$16.00
▲(4.92% Upside)
Action:Reiterated
Date:06/01/26
The score is primarily driven by improved profitability and cash generation, tempered by balance-sheet data quality/ROE concerns in the latest TTM figures. Valuation is attractive with a low P/E, but technical signals remain bearish with the stock below key moving averages and negative MACD. Earnings call guidance reaffirmation and improved underlying underwriting support the outlook, while catastrophe sensitivity remains a key risk.
Positive Factors
Improved underwriting via Select product mix
A higher-weighted Select book with 33% lower claim frequency and ~60% portfolio share signals structurally better risk selection. Over time this reduces loss volatility, improves combined ratios on a per-policy basis, and supports sustainable underwriting margins and pricing discipline.
Negative Factors
High catastrophe sensitivity
Material catastrophe swings (26 combined-ratio points in Q1) demonstrate the business remains exposed to episodic weather losses. For a homeowners-focused carrier this causes large quarter-to-quarter earnings volatility, strains short-term capital and can meaningfully alter multi-quarter profitability despite underlying improvements.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved underwriting via Select product mix
A higher-weighted Select book with 33% lower claim frequency and ~60% portfolio share signals structurally better risk selection. Over time this reduces loss volatility, improves combined ratios on a per-policy basis, and supports sustainable underwriting margins and pricing discipline.
Read all positive factors
Kingstone Companies (KINS) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$223.50M
Dividend Yield0.57%
Average Volume (3M)131.43K
Price to Earnings (P/E)7.2
Beta (1Y)0.70
Revenue Growth39.38%
EPS Growth27.06%
CountryUS
Employees99
SectorFinancial
Sector Strength70
IndustryInsurance - Property & Casualty
Share Statistics
EPS (TTM)2.22
Shares Outstanding14,484,841
10 Day Avg. Volume101,938
30 Day Avg. Volume131,425
Financial Highlights & Ratios
PEG Ratio0.07
Price to Book (P/B)1.91
Price to Sales (P/S)1.18
P/FCF Ratio3.21
Enterprise Value/Market Cap0.93
Enterprise Value/Revenue1.00
Enterprise Value/Gross Profit1.81
Enterprise Value/Ebitda4.98
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)2.3
Revenue Forecast (FY)$322.20M
Kingstone Companies Business Overview & Revenue Model
Company Description
Kingstone Companies, Inc., through its subsidiary, Kingstone Insurance Company, underwrites property and casualty insurance products to individuals in New York. The company offers personal line of insurance products, including homeowners and dwell...
How the Company Makes Money
Kingstone makes money primarily through its insurance operations. The core revenue stream is net earned premiums: policyholders pay premiums for property insurance coverage, and the company recognizes those premiums as revenue over the policy term...
Kingstone Companies Earnings Call Summary
Earnings Call Date:May 07, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 06, 2026
Earnings Call Sentiment Positive
The call presented a mixed near-term result driven by an exceptionally severe winter that produced a GAAP loss, elevated combined ratio and negative ROE for the quarter. However, management emphasized that these catastrophe impacts were within guidance scenarios and highlighted material improvements in the controllable operating metrics: strong premium growth (DPW +~20%, NPE +28%), improved underlying combined ratio (down 5.1 points to 88.3%), investment income (+63%) and expense efficiency (expense ratio 30.4%). The company reaffirmed full-year guidance, has no long-term debt, growing book value year-over-year, and conservative, measured geographic expansion plans. Overall, the underlying business momentum and capital/strategy positioning outweigh the quarter's catastrophe-driven headline loss.Positive Updates
Improved Underlying Profitability
Underlying combined ratio improved 5.1 points year-over-year to 88.3% (from 93.4%), with underlying loss ratio improving over 4 points to 57.9% — showing durable underwriting improvement when excluding catastrophe volatility.
Negative Updates
GAAP Loss and Elevated Combined Ratio
GAAP net combined ratio was 112% for the quarter, resulting in a net loss of $5.8 million or $0.40 per diluted share.
Read all updates
Q1-2026 Updates
Positive
Negative
Improved Underlying Profitability
Underlying combined ratio improved 5.1 points year-over-year to 88.3% (from 93.4%), with underlying loss ratio improving over 4 points to 57.9% — showing durable underwriting improvement when excluding catastrophe volatility.
Read all positive updates
Company Guidance
Kingstone reaffirmed its full‑year 2026 guidance (originally issued March 5): direct premiums written growth of 15%–20%; underlying combined ratio of 74%–76%; catastrophe loss ratio of 7–10 points; diluted earnings per share of $2.20–$2.90; and return on equity of 24%–30%. Management noted each 1 point of catastrophe loss ratio has an approximate $0.13 per‑share impact, that the Q1 winter catastrophes added 26 points to the combined ratio but were within the scenarios embedded in guidance, and that the quota‑share reduction (from 16% to 5%) contributes roughly $0.20 of incremental EPS for the year, with earnings expected to be concentrated in Q2–Q4.Kingstone Companies Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
38
Negative
Cash Flow
68
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 208.47M | 199.19M | 155.14M | 144.19M | 130.16M | 161.23M |
| Gross Profit | 115.10M | 114.93M | 58.58M | 27.98M | 7.19M | 26.14M |
| EBITDA | 41.80M | 54.05M | 29.25M | -389.56K | -22.62M | -4.29M |
| Net Income | 31.08M | 40.77M | 18.36M | -6.17M | -22.52M | -7.38M |
Balance Sheet | ||||||
| Total Assets | 465.34M | 453.43M | 374.92M | 317.63M | 320.33M | 331.31M |
| Cash, Cash Equivalents and Short-Term Investments | 156.50M | 301.22M | 28.67M | 157.90M | 166.67M | 182.37M |
| Total Debt | 4.12M | 4.44M | 11.17M | 25.24M | 25.16M | 29.82M |
| Total Liabilities | 350.83M | 330.69M | 308.21M | 283.13M | 284.16M | 255.64M |
| Stockholders Equity | 114.50M | 122.73M | 66.71M | 34.50M | 36.17M | 75.67M |
Cash Flow | ||||||
| Free Cash Flow | 63.94M | 73.05M | 55.61M | -13.15M | -5.47M | 19.85M |
| Operating Cash Flow | 66.72M | 75.86M | 57.95M | -11.33M | -915.52K | 24.35M |
| Investing Cash Flow | -89.22M | -92.86M | -35.26M | 9.46M | -5.91M | -15.95M |
| Financing Cash Flow | -3.64M | 506.07K | -2.99M | -1.12M | -5.51M | -3.57M |
Kingstone Companies Technical Analysis
Positive
15.25
Price Trends
15.74
Negative
15.67
Negative
15.24
Positive
Market Momentum
-0.17
Negative
49.17
Neutral
23.92
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KINS, the sentiment is Positive. The current price of 15.25 is above the 20-day moving average (MA) of 15.19, below the 50-day MA of 15.74, and above the 200-day MA of 15.24, indicating a neutral trend. The MACD of -0.17 indicates Negative momentum. The RSI at 49.17 is Neutral, neither overbought nor oversold. The STOCH value of 23.92 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for KINS.
Kingstone Companies Risk Analysis
Kingstone Companies disclosed 29 risk factors in its most recent earnings report. Kingstone Companies reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Kingstone Companies Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | $649.39M | 9.57 | 10.41% | 3.51% | -2.46% | -11.49% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | $498.21M | 4.76 | 33.02% | ― | 10.65% | 39.18% | |
65 Neutral | $223.50M | 7.18 | 28.27% | 0.57% | 39.38% | 27.06% | |
62 Neutral | $304.56M | -71.11 | -1.79% | ― | -15.19% | -182.34% | |
54 Neutral | $389.70M | 11.40 | 3.63% | 5.01% | 2.99% | 14.96% |
* Financial Sector Average
KINS
Kingstone Companies
15.43
0.58
3.94%
DGICA
Donegal Group
17.24
-1.33
-7.16%
GBLI
Global Indemnity
26.68
-4.25
-13.76%
ACIC
American Coastal Insurance
10.28
<0.01
0.09%
NODK
NI Holdings
14.87
2.00
15.54%
Kingstone Companies Corporate Events
Business Operations and StrategyStock Buyback
Kingstone Companies Announces New Share Repurchase Program
Positive
May 20, 2026
On May 19, 2026, Kingstone Companies, Inc. announced that its board had authorized a share repurchase program of up to 1,000,000 shares of common stock, equal to about 6.9% of shares outstanding as of March 31, 2026, to be conducted over the next ...
Business Operations and StrategyFinancial Disclosures
Kingstone Posts Q1 Loss but Reaffirms 2026 Outlook
Negative
May 7, 2026
For the first quarter ended March 31, 2026, Kingstone reported net premiums earned of $55.9 million, up 28% year over year, and direct premiums written growth of nearly 20%, driven largely by momentum in its New York homeowners business and higher...
Dividends
Kingstone Companies Declares Quarterly Cash Dividend for Shareholders
Positive
Apr 27, 2026
On April 27, 2026, Kingstone Companies, Inc. announced that its Board of Directors declared a quarterly cash dividend of $0.05 per share of common stock, underscoring continued capital returns to shareholders. The dividend is scheduled to be paid ...
Business Operations and StrategyExecutive/Board ChangesFinancial Disclosures
Kingstone Extends CEO Contract to Support Growth Strategy
Positive
Apr 20, 2026
On April 20, 2026, Kingstone Companies, Inc. announced that its Board of Directors has extended the employment agreement of President and Chief Executive Officer Meryl Golden by two years, moving the expiration date from January 10, 2027, to Janua...
Business Operations and StrategyFinancial Disclosures
Kingstone Announces Schedule for First-Quarter 2026 Results
Neutral
Apr 17, 2026
Kingstone Companies, Inc., a Northeast-focused property and casualty insurance holding company, specializes in tailored homeowners insurance distributed via retail and wholesale agents, with its main operating subsidiary Kingstone Insurance Compan...
Business Operations and StrategyFinancial Disclosures
Kingstone Unveils Record Results and California Expansion Plans
Positive
Apr 2, 2026
Kingstone Companies, Inc., a Northeast-focused property and casualty insurance holding company specializing in tailored homeowners coverage through its Select product suite, operates primarily in New York via Kingstone Insurance Company and ranks ...
Business Operations and StrategyFinancial Disclosures
Kingstone Posts Record 2025 Results, Raises 2026 Outlook
Positive
Mar 5, 2026
Kingstone reported record financial results for the fourth quarter and full year 2025 on March 5, 2026, posting its strongest quarterly and annual performance in company history, including a Q4 net combined ratio of 64.2%, diluted EPS of $1.03, an...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.